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. right now the storm has started bearing down on canada. it's about 145 miles or so southwest of halifax, snow scotia after brushing parts of massachusetts overnight. the storm disrupted vacations this labor day weekend. its close skirt up the eastern seaboard was less intense than feared. the storm is still kicking up dangerous rip currents. we have nbc's kevin tibbles live in rock port, massachusetts. sunshine in the last hour. looks like sunshine how. you're having a good time it looks like. >> reporter: alex, earl we hardly new you. i don't think we got to meet you at all last night. it rained here a little bit, but nothing like the dire predictions that have been taking place all week with this cat 4 storm showing up here. earl turned out to be a bit of a wimp actually. it's a beautiful day in rock port. all the activities planned for the labor day weekend and were put on hold, everything is being put back on. if folks were headed out here and were a little scared of the weather forecast, my advice to you would be to hop into a car right now because it is a gorgeous day here in rock
told cur cure he hopes the film promotes action. >> it features jeffrey canada who shows it's possible to create jet stream great schools even in poor neighborhoods. this week the department of education announced grants to replicate his success in 20 more cities. >> it's not an issue that we should put our heads in the sand. we could actually fix this. >> reporter: but critics of the movie say it unfairly targets public schools, their teachers and unions. >> i thought it was a little slanted because i think that there are a lot of great public schools with great teachers and great administrators and great families. >> reporter: still... >> does anyone in your group think the status quo is working? >> no, not at all. >> reporter: they also agree on what's at stake. >> you know, i want to be a teacher. >> reporter: a child's future. >> i want to be a nurse. i want to be a doctor. >> reporter: michelle miller, cbs news, new york. >> couric: and you can see my complete interview with davis guggenheim on my webcast on cbsnews.com. that is the cbs news for tonight. thank you fur watching. i
a hugep notlation. >> reporter: with watches posted from florida to as north as canada, communities are getting ready. they're building sand birms to protect whatever mother nature has to uffer and closing seawall in coastal city, maryland, where the mayors are urging labor day weekend vacationers to delay, not cancel the travel plans. >> we expect a quarter of million people coming to the city. what we advise is they wait until the event passes. >> reporter: in the meantime, you can see the rough seas behind me. for that reason, as a precaution, the u.s. coast guard is closing state commercial ports in moorhead city and also in wilmington and ordering vessels to stay in their mooring as a precaution until the hurricane moves out of the waters. >> jim: thank you, and be safe. another offshore oil rig exploded. west of the site where b.p. oil rig did in april. 13 crew members were rescued but one was injured. the rest are said to be tired and hungry. >> it's certainly too early to know what sparked the fire. the coast guard plans to do interview with those rescued to determine the ca
diverted to canada. still no clailim of responsibity that ihis veriable or credible at this time. yasser arafat has condemned this attack saying it's shocking and appalling. >> of course, we should mention back in february of 1993 was when that bomb went off in the garage of the world trade center, killing six people, injuring 1,000 people. and that, of course, was an unbelievable scene. but compared to this, it seems actually-- >> this is what they intended to do back then. >> -- minor. let's go to bob haeger who has information for us. bob? >> reporter: katie, i was just thinking as you commented there about the various planes involved. the one that we know of so far, because it's confirmed by american airlines, is that that flight 11 which had been scheduled from boston's logan airport to los angeles,that flight 11 was hijacked this morning. and it is presumed that that may thatbeen one of the planes went into one of the towers of the world trade center. there were at least two more planes involved in this because the other tower was hit. and then the pentagon was also there were eyew
recovery. what other areas to the canada is think we need to challenge the media consensus in order to run the argument for the margin the biggest political problem is looking into an aisle at the financial system relation. we have to set forward a credible alternative. we need to pay back the deficit. more should come from taxes, because times like this, if you have cuts that we're looking at,, and a difficult argument that this should not give the nhs increases right now. i would give inflationary increases. >> it is right to say that we should challenge the media consensus. i would challenge on this. this leadership election is a race between the two miliband brothers. we want to say to you is that there is -- it will not be the media decides the election, but the labour party. >> the most dangerous media consensus, the national minimum wage, saving on our national health service, improving schools faster than anywhere, the greatest danger for the labour party in the future britain is that we have stagnant wages when we're more confident than we were in 1997 and we have to depend that w
into canada. that could actually suck it back around and suck it back into atlantic canada, maybe toward greenland and iceland. so this thing may not be just done with one turn. it may come up, it may come in, and it may turn back. now, that turn back is cape cod. that's ugly. if this turn doesn't happen soon enough, that's landfall, north carolina, that's ugly. and then somewhere here, that would be right there, still in the cone, that would be long island. how many people are going to be out there. >> a lot of people go out there. >> absolutely. fonch >> for the labor day weekend. i knew if i gave you half an inch, would you blame canada somehow. >> never blame our people in atlantic canada. love them, love nova scotia. >> we will, of course -- cnn is your hurricane center for this, and we will stay on top of it. chad will. thanks, chad. >>> the phrase almost synonymous with dead ends, but peace talks under way in washington. a special u.s. envoy says this time may be different. i'll show you what they're talking about when they come back. there's no way to hide it. sir, have you been
. the oscar winner, davis guggenhime, featuring jeffrey canada from harlem who has shown it is possible for great schools even in poor neighborhoods. this week the department of education announced grants to replicate his success in 20 more cities. >> i thought it was a little slanted because i think that there are a lot of great public schools. >> does anyone in your group think the status quo is working? >> no, not at all. >> reporter: they also agree on what's at stake. >> you know, i want to be a teacher. >> reporter: a child's future. >> i want to be a nurse. >> i want to be a doctor. >> reporter: michelle miller cbs news new york. >>> a video singer katy perry taped for "sesame street" being kicked to the kucurb. yesterday. producers announced they would not air it after receiving complaints from parents. they overnight, she tweeted looks like my play date with elmo has been cut short. i'm a little hot here. this morning actress tom selleck and donnie walberg. i'm terrell brown. this is the "cbs morning news. ds of the shrimpers and fishermen, hotel or restaurant workers who lost
will argue on constitutional grounds. a student of islamic studies crossing the border from canada coming to america. this is the suit. they take his suitcase, his laptop and they weapon the laptop for 11 days and he says, not fair, wrong. so, i'm saying, what's the difference between a suitcase, any customs guy, any agent of the period can look at your suitcase and open it and in expect it, what is the different -- difference between a suitcase and a laptop? >> you put into a laptop information you do not expect to go to the government and the constitution reserves things of this nature. in the clash which you set up so nicely in the introduction between personal privacy and safety, the framers did not put them in a position of equality. they pull at the doubt in favor of the privacy and against personal safety. it looks like a copy of the constitution in the hands of an englishman. >> nowhere in this wonderful document does it say anything about not being allowed to search anybody we want and anything we want at the border. i would be inklined to agree if we were calling the streets of
atlantic canada the next 24 hours. it's still very large and we're still going to see the effects of hurricane force winds across the outer banks, that eastern north carolina, and then cape cod and the islands could see some hurricane force winds as we get into the overnight tonight. but 105 mph sustained winds, 85 miles east of cape hatteras and it is a category 2 storm. it's expected to maybe be bumped down a little bit in the next advisory, around 8 a.m. hurricane hunters flying through this and giving the latest cord nants on the storm. up eastern north carolina up towards virginia beach and the chesapeake bay. d.c., you're going to get a few raindrops within the next several hours but all in all the center of this storm is going to remain offshore which is the best case scenario we could have asked for. still see 3 to 4, isolated 5 inches of rain across eastern north carolina and a couple inches as we ride up the coast. certainly see tropical storm force winds but kind of like a nor'easter and the northeast is accustoms to nor'easters. thank goodness not a direct hit but we'r
been talking about things, but not doing anything. hi, mr. canada... how are you? 'm doing great, how 'bout you? right here on 119th street. if we could fix this block, then we could fix the next block, then we could fix the next block... we promised parents, if your child stays with us, i guarantee you that child isoing to graduate from college. failure is simy not an option. the sixty...the seventy... the eighty... the ninety-seven blocks which ends up ing 10,000 children. we start with children from birth, and stay with those children until they graduate. if you really want to have anmpact that is large, you will get there going one step at a time. there is no act that is too small to make a difference. no matter what you want to do, mbers project from american express can help you take the first step. vote, volunteer or donate at membersproject.com. sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get bac to these invoices... which i'll do right after maki
of fourth largest nation by a total area ranking behind russia and canada and just above or below china. chuck on independent line. caller: good morning. i think the problem with america, our politicians, they support the wealthy and not the american people. they support the corporations. and they want to talk about getting back to the constitution. they are actually doing the opposite. they are supporting the very few. host: so i am going to do the same with the. as america's strength its constitution? turn your complaints on its head and tell us what america's core competency is. caller: the strength is the middle class and for the country to thrive the middle class has to prosper. for the middle-class to prosper, we got to have jobs. for the last 30 years we have been basically on an outsourcing gimmick for the corporations and the wealthy to profit more and they don't really care about the american people. i don't think they are patriots and i don't think they christians. host: your estimation america's core strength is the strength of its middle class and for you the prescription t
. then the european union came behind, as did japan and south korea, others, canada, and imposed an even more sweeping set of sanctions as did our own congress. so in three layers, the iranian regime finds itself more isolated and under more economic pressure than ever before. we are seeing very tangible signs that they are scrambling for everything from insurance for their shipping to fuel for their aircraft. >> as you know, i was in tehran last week when sarah shourd was released, and now on sunday she came back to the united states. this is what she had to say about shane and josh, the two other american hikers. watch. >> the only thing that enabled me to cross the gulf from prison to freedom alone was the knowledge that shane and josh wanted, with all their hearts, for my suffering to end. my disappointment in not sharing this with shane and josh was crushing, and i stand before you today only one-third free. >> is there any hope at all about these two other americans? because president ahmadinejad says that he doesn't control the judiciary, and we see a lot of evidence that there are divisions wi
't want canada to have operational links either. >> how about we have operation canadian freedom? >> no, look, this was from the beginning, it was a war of choice, it was mr. bush's choice, and it was a tragic choice. 4,427 americans are dead. 35,000 americans are wounded, plus those suffering from posttraumatic stress disorder plus those suffering from traumatic brain injury. this is a catastrophe for america. a catastrophe for our armed services who serve with heroism. for mr. fleisher to expect a pat on the back it's appalling. as in texas we said it's chutzpah. >> paul's view, we're better off and safer off if saddam was still running iraq. >> and 4,427 would alive. >> paul, every time anybody loses their life in the military, our nation suffers for it. any one individual anywhere. but the point is we now have a new iraq and a iraq that has a chance to become a bastion of freedom and hopefully an iraq that can change the arab middle east so it's a peaceful area where wars don't start. that's why i hope now with the 50,000 remaining troops we will be successful and don't lose the pea
. the largest quantities come from india, china and canada. while these ingredients are produced in fact reas overseas that are approved by the f.d.a. , they rarely get inspected by federal regulators. allan coukell , a pharmacist and director of the medical safety program at the pew health group says in the last decade, the number of plants in india and china making ingredients for the american market has doubled at a time when f.d.a. has fewer resources to inspect them. >> if you're manufacturing overseas, you might never see an inspector after the initial inspection at the beginning of your manufacturing process. when inspections do go on overseas, they tend to be much short than domestic inspections. they're generally preannounced-- meaning the manufacturer has time to prepare ,-- and if problems are identified, the agency is much less able to go back subsequently and follow up to see whether the problems were adequately corrected. >> reporter: in 2008, 81 people died in the u.s. after being given the blood thinner heparin. ingredients for its manufacture came from china. heparin is made
. people had been talking about things, but not doing anything. hi, mr. canada... how are you? i'm doing great, how 'bout you? right here on 119th street. if we coulfix this block, then we could fix the next block, then we could fix he next block... we promised parents, if your child stays with us, i guarantee you that child is going to graduate from college. failure is simply not an option. the sixty...the seventy... the eighty... the nety-seven blocks which ends up being 10,000 children. we start with children from birth, and stay with thoschildren until they graduate. if you really want to have an impact that is large, you will get there going one step at a time. there is no act that is too small to make a difference. no matter what you want to do, members project from american express can help you take the first step. votevolunteer or donate at membersproject.com. sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get back to these invoices... which i'll do rig
, it will drag down cool air from canada but before it does that it is tapping into the tropics. and it's -- off screen now but there's a developing system that may get named later today, ride across florida the next day off in and could be up the coast and in maryland as a tropical storm with the name of nicole as we head on in through thursday. we'll be watching the potential for flooding. we'll get system one out of here, with still showers mid-afternoon in ocean city. and beaches. but watching the dry air, only for about a day. then the front tries to return from the south. watch the flooding rains and that yellow, orange and red shadings from the south. thursday we could see four to six inches of rainfall in maryland. no doubt flooding with that one. 79 today, we will end this potential severe weather threat and as we head through tonight in the 50s. heading through tomorrow, 7p 2. a cooler day and showers try to return tomorrow night but heavy flooding potential rains on thursday. we drop in the 60s but dry out this weekend. >> be careful in the eastern shore now. >> we're watching it all
. canada... how are you? i'm doing great, how 'bout you? right here on 119th street. if we could fix this block, then we could fix the next block, then we could fix the next block... we promised parents, if your child stays with us, i guarantee you that child is going to graduate from college. failure is simply not an option. the sixty...the seventy... the eighty... the ninety-seven blocks which ends up being 10,000 children. we start with children from birth, and stay with those children until they graduate. if you really want to have an impact that is large, you will get there going one step at a time. there is no act that is too small to make a difference. no matter what you want to do, members project from american express can help you take the first step. vote, volunteer or donate at membersproject.com. >>> she now says she immediately apologized about her baseless paranoia about headless bodies in the arizona desert. >>> and in serious political discourse, she gears up for the don't ask, don't tell fight on youtube, even referring to herself by her own name, ahead on "countdown
running for office. it is unheard of in great britain or canada for any party to ever think about changing the law to keep its competition off the bell. and the britain anyone can get on about -- to keep them off the ballot in this country. in canada but it only takes 100 signatures. it does not occur to people in most countries that is legitimate for two parties to get together and keep competition off the ballot. host: for those who tried to keep the parties off the ballots, what is the main reasoning? guest: it depends on whether they are talking honestly or not. if you want an example of an honest comment, i was at a georgia state legislative hearing once and a legislator on the elections committee said, i don't want no damn libertarian running against me. i appreciated that. when the law came before judges, the judges will not say something like that. they constantly tell us we are in danger of overcrowded ballots that will cause the utter confusion. the truth is, we suffer from under-crowded ballots. i have been tracking state legislative candidacies for 20 years. every election year
,000 people all in canada. earl is being blamed for one death, a man who drowned off of halifax while trying to secure his boat. >>> here's your labor day forecast. stormy in the middle of the country. 80-mile-an-hour winds, large hail, isolated tornados from minnesota to kansas. windy in the dakotas, montana and wyoming. heavy rain across southern texas. showers in the pacific northwest. >> 60s in seattle, billings and fargo. 71 in salt lake city. 81 in colorado springs. mostly 80s across the midwest. 78 in boston. and 88 in atlanta. >>> it looks like the san diego bay is getting a visit from the pirates of the caribbean. >> people in southern california enjoying the festival of sail this labor day weekend. more than a dozen tall ships from around the world have san diego. >> visitors can explore those vessels, take a little bit of entertainment and food, and even go for a ride around the bay. that ain't a bad way to spen the monthly day weekend at all. >> it would be tough to fit one of those in those bottles. it's tough anyway but something like that is difficult. >> more after this. stay
study out of canada found women are quicker with an apology than men but not for the reasons you might think. the fascinating part of the study is that they actually showed just random scenarios and of those scenarios, women perceived more of them needing an apology. so, it's not that men don't want to apologize, it's just that they look at a situation, they don't see it as apology-worthy, whereas women do. >> reporter: hear that, ladies? it's not that your man atrade to poll geez, he just doesn't know when he needs to. >> women are a lot more considerate than men. they are always worried about offending their friends or their significant others so they're much more apt to apologize for things that would never bother a guy. >> reporter: you are apologizing because you mean it or to placate her? >> because i mean it. >> reporter: while it may be difficult for men to realize they're in the wrong, getting into the right is actually pretty easy. >> some men don't apologize enough. i don't see what the big deal is. if it is going to quell a situation and make everything okay, just say those
up towards atlantic canada where parts of atlantic canada could take a direct hit from earl. so again, we're gonna continue to bring you the very latest, new advisory comes out any moment now so as soon as it does, i will let you guys know and alert you. back to you. >> all right. luckily, you're here with us this morning. thanks very much, janice. here are the rest of your headlines. another round of jobless claims are coming out this morning. 8:30 eastern time. analysts predict there will be 475,000 new unemployment claims. that would be a slight jump from last week. >> not good. >> ahead of those numbers, foreign stocks, tokyo stock closed up and at last check, london in positive territory and the dow futures are also up. wasn't the stock market the highest yesterday since in the last couple of months? >> no, weeks, not months. last few weeks. >> all right. the cleric behind the ground zero mosque, imam rauf, two middle names, no time for that, apparently got a big tax exemption from the muslim organization he founded. according to "the new york post," claimed as many as 500 mus
the damage. you see right here, igor now weakening as it heads north into the atlantic. and canada as well. all right. time for some football, mr. kilmeade. >> monday night football. they keep playing it on monday nights. saints visit san francisco. let's see what's happened. there were some ceremonies going on. they retired hall of famer jerry rice's number. raiders retired on that and kind of blacked that out. this game went down to the wire. fourth quarter super bowl champs they were up. they get a two point conversion and it looks like time would be running out and we go into overtime when garrett hartley would kick a field goal. don't leave any time for drew brees, he'll beat you. cubs outfielder tyler colvin remains in the hospital after having his chest punctured by a shattered bat much the rookie is being treated with a chest tube to prevent his lung from collapsing. finally in new york, the yankees honor their former owner before last night's game against the rays in new york. former manager joe torre along with yankee greats don mattingly, the yogi berra and the steinbrenner monu
had no idea what was really going on in canada are -- in kandahar. that was a big alarm. there was a very vigorous and critique of our intelligence work in afghanistan last january raising these same questions. the disturbing thing was that he was there for eight years and we do not know that much more about the people of afghanistan or that much more about the power brokers than we did when we first went into afghanistan in 2002. we wrote this really gloomy report and we did not count on bob woodward publishing it in "the washington post." but he did. this change to the debate in afghanistan in the united states to a degree, combined with some other unfortunate news. the afghan presidential election in august-september 2009. those two events contributed to the white house reviewing or going back over their strategy for afghanistan. whenever you do a strategic plan, used her with a list of planning assumptions. if any of the internet to be wrong -- when every do a strategic plan, you start out with a list of planning assumptions. if any of them turn out to be wrong, then
states, but not exclusive of other population. we imagined it would look a bit like canada and the united states, france and germany, where people would be able to cross the border. the israelis could be able to shop in palestinian areas, palestinians coming over to the israeli side -- and it has been repeated recently -- palestinians are not opposed to jews living in a palestinian state. we recognize the jewish people have religious and historic ties that will be the palestinian state. there is no objection to the jews living in the palestinian state. are they going to live in there as a palestinian citizen, as israeli citizens, under what framework? this vision of two states with multi-ethnic population is moving back and forth, this has taken a beating since i was in negotiations. over the course of all the violence that has taken recently, specifically in israel, over two exclusive populations. i think there needs to be a conclusion in a two state solution that allows both jews and palestinians to have access to both countries. the more interaction there will be, the more peace will b
, that was not happening. all these efforts combined will culminate at the acao summit in montreal, canada up where we hope to make our work for strengthening international standards for aviation security into an actual resolution the international community through acao and applicable to the entire system. it is important to note that in addition to acao the airline industry and the carriers themselves have been with us every step of the way. we have collaborated closely with the united states and international airline and airport straight associations -- trade associations and airline ceo's, shortly after christmas day, to explain what security enhancements needed to go in place immediately, but what we were striving for in the following weeks. i personally met with all of these leaders, and i also met with the heads of the international air travel association, and also with the ata. they have voiced strong support for the coordinated international approach that we have begun and that will be expressed, we hope, this fall at the acao general assembly. through that, it is clear that our potential for coll
assembly, which will be held this fall in montreal, canada, where we hope to make our work toward strengthening international standards for aviation security into an actual resolution of the international community and applicable to the entire system. i think it is also important to note that in addition to the organization, the airline industry and air carriers themselves have been with us every step of the way. we have collaborated closely with the united states and international airlines and airports trade associations. we have met with airline ceo's. we met with him shortly after christmas day to explain -- to talk about what security needed to go into place right away. i personally met with all of these leaders and i have also met with the heads of the international air traveler association and also with the ata and they have voiced strong support for the coordinated international approach that we have begun and that will be expressed, we hope, this fall at the general assembly. i think that through that, it is clear that our potential for collaboration goes beyond counterter
that the northern government has signed with china and others, canada, even, and others who have interest in the oil. those agreements are going to have to be looked at, both by the north and south. it's not a matter of the south taking over and saying we are going to start afresh. those are agreements that have to be honored, or maybe can be renegotiated with the new independent government, but that's an area where there's need for cooperation between the north and south. another issue is what do you do with the citizenship issue. northerners will live in the south after the vote, and southerners who live in the north. what is their status? we won't want a situation where there's ethnic cleansing or people pushed out of their homes because they are not now consider add northerner or southerner or citizen of that new country. those are important issues that have to be addressed. finally, the real challenge for the oil is corruption. there's corruption in the national congress party and in the sudan people's liberation movement. there needs to be greater transparency, and checks put in place so that
are century link and bce out of canada and energy, and find names like chevron, well-known names. >> jamie: that's interesting and finally, commercials even for limited partnerships that's something that the average investigator can invest in. what are those and do you recommend them? >> i don't recommend them for the average investor. i recommend them for professionals and also an added caveat that you get a limited partnership you'll be dealing with a k-1 at the end of the year, a tax form. seek advice from a professional or certainly your accountant. >> jamie: one more question on bonds. they are paying lower yields. have never been negative? is your money at least safe there that you put in? >> well, there actually was a period of time in 2008 where t-bill yields were negative. people were so frightened including professionals they were willing to buy a t-bill for a negative rate of turn. >> jamie: david nelson we can't all afford someone like you privately, but nice to have you here. >> thank you, jamie. >> kelly: that was free advice there. well, as you fire up the grill for labor da
last week i went on a quiet cruise up to canada. that is a shot out our deck. as you notice -- >> gretchen: that's a stilt. >> peter: that is a tilt. hurricane earl kind of had us bothered a little bit. this is six hours after it was really rough. and the horizon line with the water should be the same as the deck rail. it was -- >> gretchen: if you go on your mac and download that, you can correct the tilt. >> peter: good point. >> gretchen: might make you forget any motion sickness you might have gotten. let's talk about judge judy because she delivers no nonsense. she presides over the top daytime show and court gets back in session next week when the new season starts. take a look. >> i don't think you're cute, as a matter of fact. >> i understand. >> i just want you to understand that. if you're trying to be charming with me, trust me, it's not going to work. better looking and richer people than you have tried to charm me. >> i believe it. >> without success. >> i believe it. >> that didn't require a response. >> okay. >> try taking the air out of -- hair out of your ey
the way over there to canada and france, and that green line, that's the united states. we're second only to japan in terms of corporate tax rates. now, it's pretty hard for me to see the logic of complaining about things being made overseas, when what we do with our tax policy is tax corporations so heavily that you create an incentive to chase production overseas. if you're a businessman, you're competing. you're competing with all these other countries and what you're going to have to do is be competitive or else people won't by your product. so for us in congress to complain about foreign imports and things, when we've got a corporate tax rate that's second highest in the world, is once again an example of democrat tax policy being completely at odds with the goal of a strong economy and lots of jobs. you can't keep taxing the creator of jobs without losing your jobs. i think it's straightforward. i'm trying to make it simple. because there's one example after the other that our policies just don't make sense. here's a chart that's done a little more colorful way, we compete with fran
. >> steve: right. meanwhile, u.s. homeland security secretary janet napolitano is in montreal, canada to urge the international community to heighten security efforts and it's great we would have her on a breaking news day. good morning to you, may dam secretary. >> good morning. >> steve: how credible is this threat and what is the united states doing to help them? >> well, as director clapper said yesterday, we're not going to comment on specific threats except to say that we're constantly in contact with our allyies on a variety of threats and to make sure that we remain safe, both in the homeland and western interests abroad because al-qaeda is a determined adversary. >> brian: i think that the american people deserve an explanation and just to be updated, don't you think, could you tell us first off, are we included in this so-called alleged coordinated attack? >> well, without, again, commenting on specific threats, we are constantly active in a pro-active way to protect the american people and to protect interests around the globe. one of the reasons i'm here in montreal, for e
. shep special. we circumnavigated hurricane earl. we sailed up to canada and maine. we missed it by about 500 miles on the way down. then we had to cross the water, 36-foot waves, waves higher than my house! >> oh, my gosh. >> was it like a perfect storm? >> peter: even though the waves were 36 feet, i had to make a t to the breakfast buffet. >> brian: what cruise line was that. >> peter: celebrity cruise. >> brian: they did a good job? >> peter: they did. it was fun. we were on the summit. >> meanwhile, we have headlines for you. we begin with a severe weather alert. tropical storm hermine is bringing heavy rain and strong wind to southern texas. flood and tornado watches are in effect for several counties. the storms crossed into the state earlier this morning after battering northeast mexico. it could dump up to a foot of rain in some parts of texas. folks as far north as kansas could feel the effects. another alert. wild fire near boulder, colorado is forcing thousands of people to evacuate their homes. firefighters cannot save their own property, burning four of their hom
republican canada has said that social security, which guarantees your parents' retirement, is a "horrible policy." probably 20 members of the republicans running for congress go around saying over and over again that it's as if -- social security as a ponzi scheme. jo miller has said that unemployment benefits are not constitutionally authorized. we should in social security. my personal favorite, kentucky republican candidates ran the paul -- rand paul opposes the fair housing act any said that the other civil-rights acts were unnecessary and should be open for discussion or revision. all right and was the balance the budget not by repealing tax cuts on the wealthy like president clinton did, but by increasing taxes on the middle class, while phasing out social security and medicare. some republicans are broaching the idea of considering a rewrite of the 14th amendment's of the constitution, the amendment passed by congress in honor of the assassinated president abraham lincoln, the first republican to be president of the united states. one of those republicans who ventured that idea is
familiar with the canadian system? >> i am. i am not an expert on canada, but i am familiar with the system. the canadian system is different from ours. they are tightly regulated and have a highly concentrated banking system. they rely on a shorter term adjustable rate mortgage. it is possible to create a system similar to that. other countries have used the cover bond market as an approach. when you look at the international examples, it is important to look not just what is on the books but what also may be implicitly there. a number of companies with concentrated banking sectors were the does not appear to be a government guarantee involved has implicit backing for the financial institutions that we do not want to retreat. international examples can help, but we have to go a couple of layers deeper to know if that is the kind of system we want or not. >> is there any incentive for the private market to get back into this market given the fact that freddie and fannie are in existence and we are continuing this freeze where we are continuing to let them do what they were doing before the
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